House sales were also up, according to CREA figures, a significant 27 per cent in April 2015 compared to the same month last year.

Darcy White, an investor and owner of Rho-Orion Investments, likes the Windsor market for its positive price-to-earning ratio. “Rents in Windsor are not that far off cities like Toronto and Vancouver, but there is a better ratio because the prices are lower,” he added.

Soulliere typically targets cap rates between eight and 10 per cent, though the properties might not be in the best areas. “These cash-flowing properties provide an extra income, which in some other cities you just can’t achieve, as cap rates are so much lower, and appreciation is what the investment really provides, and that is not realized until you sell.”

Windsor also has a lot to offer, including: a thriving student rental market around the expanding University of Windsor; a newly improved airport offering direct flights; and dozens of wineries within 30 minutes in Essex County.

“We have kilometres upon kilometres of waterfront with huge homes backing onto them,” added Soulliere. “There are shopping malls and outlet malls, and the 401 is easily accessible, plus a new bridge is being built that will bring more jobs and more people to the city.”

Detroit, a population of nearly 700,000, is just on the other side of that bridge, and the International Detroit Airport is just 20 minute from downtown Windsor.

“A lot of my tenants work or go to school in Michigan,” added White. “They just commute across the border every day.”

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